ABL Workspaces secures Rs 5 crore funding from Wurk

Premium co-working space provider ABL Workspaces, has raised Rs 5 crore, as part of its Pre-Series A round from Wurk, a Canadian Investment Firm.

The newly raised funds will be utilised to strengthen the company’s operations in the capital region and support its effort to double the seating capacity to 2,500 by March 2022.

“The funds received will help us expand our presence, at a time, when many offices have opened, and they are now looking for affordable, sanitised and productivity-enhancing spaces to work out of. We are geared up for our journey ahead and are hoping to add more locations and double our seat count by March 2022,” said Kautilya Pundir, Co-Founder and Chief Growth Officer at ABL Workspaces.

Founded in December 2017, ABL is currently live with 8 centres across Delhi NCR, at all the premium locations and currently serves companies like Netambit, Clovia Aristone Thermo, Independent UK, and Simba Beer.

“We believe that co-working is going to boom again to support not just small and medium businesses but also enterprises in India. We see this as a huge growth opportunity and therefore by providing the capital, we hope to partner with them as they become one of the leading players in Delhi NCR with their best in class services and affordable fee structure,” said Barbara Holding, a spokesperson from Wurk.

ABL Workspaces centres across Delhi, Noida and Gurgaon, have high-end technology equipped private cabins, open seating and meeting rooms.

The company aims to become the giant player and has charted out plans to be live with 15,000 seats and 50 centres in Delhi NCR by 2023.